United Bankshares, Inc. (UBSI) Earnings
United Bankshares, Inc. is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $0.89. UBSI has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise +8.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.85 | $0.89 | +4.7% | $317M | +0.4% |
| Jan 22, 2026 | $0.86 | $0.91 | +5.8% | $318M | +0.9% |
| Oct 23, 2025 | $0.81 | $0.92 | +13.3% | $324M | +4.9% |
| Jul 24, 2025 | $0.77 | $0.85 | +10.4% | $305M | -0.9% |
| Apr 24, 2025 | $0.66 | $0.59 | -10.6% | $289M | +3.7% |
| Jan 24, 2025 | $0.67 | $0.69 | +3.0% | $261M | -4.6% |
| Oct 24, 2024 | $0.67 | $0.70 | +4.5% | $261M | +0.5% |
| Jul 25, 2024 | $0.64 | $0.71 | +10.9% | $254M | -0.5% |
| Apr 25, 2024 | $0.65 | $0.64 | -1.5% | $253M | -1.7% |
| Jan 26, 2024 | $0.66 | $0.59 | -10.6% | $262M | +1.1% |
| Jul 27, 2023 | $0.66 | $0.68 | +3.0% | $260M | -0.1% |
| Jan 26, 2023 | $0.78 | $0.74 | -5.1% | $277M | -0.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2021 · October 29, 2021
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Net income was $6.5 million for Q3 2021, compared to $5.4 million in Q2 2021 and $4.5 million in Q3 2020. - Provision for loan losses was a credit of $1.25 million in Q3 2021 vs no provision in Q2 2021. - Net interest income increased $298,000 or 2.1% QoQ, with interest expense declining $81,000. - Tax equivalent net interest margin was 3.52% in Q3 2021 vs 3.58% in Q2 2021; excluding PPP related items, margin was 3.39% in Q3 2021. - For first nine months of 2021 vs 2020: provision for loan losses was a reserve recovery of $2.65 million vs $4.2 million in 2020; interest expense declined $5.1 million; net interest margin increased to 3.58% from 3.48%. - Loans excluding purchase credit impaired loans grew $53.3 million or 4.5% YOY. Nonperforming assets were $4 million in Q3 2021, $4.6 million lower than YOY, with ratio of non-performing assets to loans etc. at 0.33% vs 0.73% YOY. - Deposits grew $129.5 million or 9.5% YOY; noninterest bearing deposits grew $64 million or 22.7% YOY. Total securities increased $53.3 million in Q3 2021, with cash and equivalents declining as excess liquidity was invested into higher yielding assets.
Guidance
- Expect to be merged into United Bank by end of Q4 2021 subject to approvals. - Excited about merger bringing additional resources, products/services for market share growth and value-added to customers.
Segment performance
No specific product segments were detailed. Overall, net income for the quarter ended September 30, 2021 was $6.5 million. Net interest income increased $298,000 or 2.1% in the third quarter compared to the second quarter. Loans excluding purchase credit impaired loans grew $39.1 million or 3.3% during the third quarter of 2021. Deposits grew $10 million or seven tenths of 1% during the third quarter of 2021. Total securities were $402.9 million at September 30, 2021, increased $53.3 million during the third quarter.
Risks & headwinds
- Actual results may differ materially from forward-looking statements due to factors included in earnings release, most recent Form 10-K and other reports filed with SEC.
Analyst Q&A
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